Surprising even fellow Republicans, President Bush defends plans by a foreign company owned by the United Arab Emirates to manage operations at six large U.S. ports.
"President Bush vowed Tuesday to veto any legislation that would block a state-owned Arab company from managing the operations at six large U.S. seaports, setting up a major confrontation between the White House and its usually steadfast Republican allies in Congress.
Under the controversial transaction, Dubai Ports World, a business owned by the United Arab Emirates, would operate ports in New York; Newark, N.J.; Philadelphia; Baltimore; Miami; and New Orleans. A British company had been in charge of the ports, but it was recently purchased by the Arab company. The sale is expected to be finalized in March.
...Legislators on both sides of the political aisle have questioned whether the deal would compromise security at the ports, with some noting links that the Sept. 11 terrorists had to the United Arab Emirates."
FULL STORY: Bush to Fight for Port Deal
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Using Old Oil and Gas Wells for Green Energy Storage
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